EOD analysis of Nifty Spot

Nifty is falling again and have made a fresh low for the month.  Looks like the earlier parallel channel is inviting nifty. It's still getting sold on rallies till we get a bias change confirmation above previous day high. If the black trendline breaks, we may wee 10500 around next week itself to the blue trendline

Labelling later. the correction has a total of 35 days in hand and the minimum retracement target is 10677.75. So, all looks set to achieve as time is in favour and 10929 minus more weakness starts.

Added this part after further analysis

The only part that is positive is the positive divergences in the MACD / RSI / ROC hourly chart. if the black trendline holds with the volatility we may complete one diametric down pattern within Thursday and an up-move can start.